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Truck Rental in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Truck Rental in Canada Market Research Report | NAICS 53212CA | Mar 2014

Clearer road: Housing starts and consumer spending will drive up truck rental demand

IBISWorld’s Truck Rental market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
1.7%
Annual Growth 14-19
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Profit
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Employment
6,844
Businesses
598
Industry Analysis & Industry Trends

Although demand for truck rentals and leases waxed and waned, the industry received an overall net increase in demand over the five years to 2014. Increasing emissions and fuel-efficiency regulations are anticipated to drive demand from the commercial market going forward. Indeed, regulation aimed at lowering emissions from long-haul tractor-trailers and large pickup trucks by 23.0% by 2019 will require downstream customers to either purchase or lease new vehicles. IBISWorld expects that the majority of companies will lease their trucks from industry operators as downstream fleet operators seek more predictability and flexibility in their cost structures... purchase to read more

Industry Report - Industry Products Chapter

Industry companies provide rental and lease options on different vehicles, including trucks, tractors, trailers and more. Although rental and lease time frames are specific to each industry operator, rentals typically last fewer than 30 days, while leases last at least one year. For example, Penske Truck Leasing's full-service lease terms range between four and seven years on tractors and trucks and from six to 10 years on trailers. Customers include commercial clients, households and the public sector. Although, some companies provide services to both the commercial and residential segments, companies generally focus on one or the other... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Truck Rental Industry?

This industry primarily rents or leases trucks, truck tractors, utility trailers, semitrailers, recreational vehicles (RVs) and buses without drivers. Vehicle retailing activity is excluded from this industry. Companies that rent or lease industrial trucks and equipment, such as forklifts, are covered in the Industrial Equipment Rental and Leasing industry (IBISWorld report 53249CA).

Industry Products
Truck leases and rentalsTractor leases and rentalsTrailer leases and rentalsOther leases and rentals
 
Industry Activities
Renting trucks, truck tractors, buses, RVs, utility trailers and semitrailersLeasing trucks, truck tractors, buses, RVs, utility trailers and semitrailers


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